TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK


TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

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Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash January 02, 2024

Remittance rises slightly in 2023

Bangladesh’s migrant workers sent home $21.82 billion as remittance in the just concluded calendar year, an increase of only 2.54 percent year on year mainly due to the gap of US dollar rate between formal and informal channel. The remittance earning was $21.28 billion in 2022 and it was $21.74 billion in 2021, according data from the Bangladesh Bank. Bangladeshi expatriates sent $1.90 billion in the last month of 2023, said Bangladesh Bank executive director and spokesperson Md Mezbaul Haque. December figure was 1.55 percent lower from the previous month when the remittance inflow was $1.93 billion

Source: https://www.thedailystar.net/business/news/remittance-rises-slightly-2023-3508796

Olympic Industries comes first in the chase after foreign funds in 2023

A 3.87 percentage point rise in foreign investors’ stake in Olympic Industries in 2023 fuels curiosity because the biscuit maker drew investment at a time when local currency devaluation and floor price halved overall turnover in foreign portfolios. The liquidity crunch created by the price restriction set off an outflow of foreign funds, resulting in a reduction in foreign stakes in the ownership structure of different sectors and companies last year. In the highly illiquid market, Olympic Industries ended the year on Thursday, the last trading session of the year, soaring 26 per cent to Tk 152. During the time, the foreign stake rose to 24.84 per cent. The biscuit maker was the first choice in 2023 among the stocks that foreign investors usually invest in, because it was not trapped on the floor, said Salim Afzal Shawon, head of research at BRAC EPL Stockbrokerage, a top-tier brokerage firm. Food, pharmaceuticals, and bank sectors have noteworthy shares of overseas investors. Among them, only the food industry saw a 0.10 per cent increase in foreign holdings because of Olympic Industries.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/olympic-industries-comes-first-in-the-chase-after-foreign-funds-in-2023-1704127983

Mr. Md Shaifur Rahman new managing director of CSE

Mr. Md Shaifur Rahman Mazumdar joined the Chittagong Stock Exchange (CSE) as the managing director on Monday, according to a statement. Before joining the CSE, he was the chief operating officer (COO) of the Dhaka Stock Exchange (DSE). He also served as the managing director (acting) of DSE. Previously, he was the managing director of the CSE for the 2016-2019 stint. He has a wide range of experience in capital market, financial management, export and production management, HR management, management consultancy etc. He served in private sector corporate entities in different positions e.g. company secretary, controller of finance, finance director, executive director, CEO, managing director with utmost sincerity, honesty and reputation.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/shaifur-rahman-new-managing-director-of-cse-1704128010

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 37,689.54
↓ 20.56↓ 0.05 %
FTSE100$ 7,733.24↑ 10.50 ↑ 0.14 %
Nikkei 225$ 33,464.17↓ 75.45↓ 0.22 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 72.72↑ 1.07↑ 1.49 %
Crude Oil (Brent)$ 78.35↑ 1.31↑ 1.70 %
Gold Spot$ 2,075.29↑ 12.31↑ 0.60 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 110.0000
BDT 110.0000

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<




Dear Valued Patrons,

At the very onset, let me express my heartiest gratitude for allowing us to serve you and I also wanted to reach out to you directly with an assurance that Dhaka Bank is fully equipped to support you during this difficult time.

Last couple of weeks ago we all were living in a peaceful condition, performing our daily tasks freely and perfectly. Entire economy and business environment was also in a good shape, until COVID-19 put a forceful stoppage to the overall life style and economy of the world. We all know that social distancing and cleanliness are the keys to prevent this pandemic. Hence, we urge your conscious effort to limiting public interaction and suspending wherever possible.

In this current situation, Dhaka Bank and its employees are beside you where we are fully online, either working from home or at our offices under a robust Business Continuity Plan (BCP) to serve you with limited branch banking and a full-fledged alternate delivery channel services.

Our state of the art Mobile App, Dhaka Bank GO (Click https://bit.ly/2WVfieu) and Internet Banking - Dhaka Bank Direct gives you the freedom of banking online anytime from anywhere. You can check the balance and transfer money to any designated Banks including any Dhaka Bank or bKash Account, make utility bill payments and mobile top-up through our Mobile App and Internet Banking Services. Our ATMs are also running efficiently with availability of sufficient cash for your convenience where you can make cash withdrawals whenever the need arises. Mentionable, the withdrawal of cash from any ATMs within Bangladesh with Dhaka Bank Debit Cards are absolutely free of charges up till April 30, 2020 (Dhaka Bank will bear the cost). Our corporate customers can also use our completely safe and secured online platform Dhaka Bank C-Solution for Payments, Inter Bank Fund Transfers, etc.

Moreover, to fulfill your urgent requirement, we have a limited no. of branches up and running by ensuring all kinds of precautionary and safety measures for you.

In case of extreme emergency and facing difficulties in conducting banking transactions, please let us know through our 24/7 Contact Center number 16474 (or, dial +8809678016474 for ISD/Overseas Calls). We are always with you to combat your difficulties.

As you know we are going through a critical phase and the situation is novel to all of us. We are getting lot of new information from various sources everyday about COVID-19 which will be shared at www.dhakabankltd.com.

Thank you for your trust and continued support to us. I firmly believe that jointly we will be able to combat this situation and win against all the odds.

Please stay home, stay safe and take care of yourself and family.

Best regards,

Emranul Huq
Managing Director & CEO
Dhaka Bank Limited